• Singapore - Thailand
    Tax Treaty Enters Into Force


    The Income Tax Treaty between Singapore and Thailand entered into force on 15 February 2016. Its provisions will come into effect from 1 January 2017.

    The Treaty was signed on 11 June 2015.

    In accordance with the new treaty, the following withholding taxes will apply:

    • Dividends: 10%.
    • Interest: 10%.
    • Royalties:
      • 10% if the interest is beneficially owned by any financial institution or insurance company;
      • 10% if the interest is beneficially owned by a resident of the other Contracting State and is paid with respect to indebtedness arising as a consequence of a sale on credit by a resident of that other Contracting State of any equipment, merchandise or services, except where the sale was between persons not dealing with each other at arm's length;
      • 15% in all other cases.
    Back to News
    Related Topics:

Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.

Read more
Follow Us
Specialist writers View All
Copyright © 2012 - 2019 Offtax Ltd. All rights reserved. Compare Countries News & Articles About Join Us Directory Contact Us